I think we are at least a year away from that stage. We have not started phase 1 of the crash yet. There probably needs to be at least 2 deep crashes with FED balance sheet expansions of 5 trillion plus a piece before we are in full doomsday scenario.
In the mean time hedge with purchases of hard assets and get a safe for storing petty cash.
I am bearish equities and think phase 1 of the crash could start as early as next week.
There will be bounces though and I would be long commodity stocks such as oil and miners. Check out southern copper, SCCO, which is rallying on the back of copper hitting 4 bucks last week. Huge rally.
This will be a traders market over the forseeable future.
I can give you an explanation, but let me know where you are in terms of economic background so I can either skip over basics or give you the schoolhouse rocks version.
I think we are at least a year away from that stage. We have not started phase 1 of the crash yet. There probably needs to be at least 2 deep crashes with FED balance sheet expansions of 5 trillion plus a piece before we are in full doomsday scenario.
In the mean time hedge with purchases of hard assets and get a safe for storing petty cash.
What do you think about stocks? Do you think it's smart to pull out in the next year, depending on what we're invested in?
Do you think oil is a safe investment in stocks?
Here's a recent post on the topic of the stock market which also has links to my prior posts. https://patriots.win/p/12hRZfw6lO/biden-economic-collapse-watch--1/
I am bearish equities and think phase 1 of the crash could start as early as next week.
There will be bounces though and I would be long commodity stocks such as oil and miners. Check out southern copper, SCCO, which is rallying on the back of copper hitting 4 bucks last week. Huge rally.
This will be a traders market over the forseeable future.
Not gonna lie I wish I knew what all this means.
I can give you an explanation, but let me know where you are in terms of economic background so I can either skip over basics or give you the schoolhouse rocks version.